Study On The Risk Management Of A Financial Leasing Project Of Y Leasing Company

As a financing hybrid model that combines ‘financing’ and ‘financing of physical assets’,financial leasing maintains advantages such as prolonged financing term,flexible repayment methods,low guarantee and credit enhancement requirements,and convenient use of funds.Financing leasing now has become a ubiquitous part that is now widely used in domestic industries ranging from industrial production,transportation to logistics,from energy conservation,environmental protection to health and medical care,and the internet.With over a decade of time,the development of the financing leasing industry has soared drastically.As of the end of 2020,the total amount of leasing contracts nationwide reached 6.5 trillion yuan,making financing leasing the second-best financing option right after bank financing.Currently,China’s economic development suffers from triple pressures including demand contraction,excessive supply,and a general pessimistic attitude toward China’s economy.The survival pressure of small and medium-sized enterprises is increasingly prominent,and the capital chain is getting tenser.Concurrently,financial leasing companies themselves are also facing a situation of shrinking traditional businesses and intensifying competition,and they urgently need to transform their business philosophy to spur new profit growth.Given all these above factors,more and more financial leasing companies are fulfilling their social responsibilities,adjusting their business direction,and actively developing inclusive financial services.However,for a long time,the financial leasing market for small and medium-sized enterprises(SMEs)has been occupied and dominated by commercial leasing giants represented by Chailease Leasing and Far Eastern Leasing.As a latecomer,it is crucial and necessary for financial leasing companies to start their Odyssey and explore a risk management path that is in line with the financial leasing of SMEs.Y Leasing Company is a financial leasing firm wholly owned by N Bank,a listed Ashare bank.In 2018,Y Leasing Company altered its business mindset,putting "microleasing" as the priority of its development direction.However,a lack of relevant experience in risk control for financing leasing for small and medium-sized enterprises has long been its Achilles heel.Y Company has notoriously been characterized by a heavy emphasis on financial indicators,excessive focus on the lessee’s development history,excessive stress on the cashabilty of the leasing object,and overly rigid approval procedures,which collectively have led to the company’s lack of market competitiveness.In this thesis,A financing leasing project is taken as the research object.Through expert interviews and questionnaire surveys,the factors that conform to the risk of the A financing leasing project are supplemented.The thesis establishes a final system of 8primary risk indicators and 26 secondary indicators.Furthermore,the thesis objectively and fairly assesses and evaluates the risk weight of each risk factor with the help of the analytic hierarchy process.Next,given the specific situation of the A project,the thesis harvests,through the method of assigning values,the corresponding risk evaluation result of the A financing leasing project and the conclusion of whether Y company should keep processing it or not.Finally,based on the analysis outcome,the thesis proposes corresponding measures for addressing the risk of the A financing leasing project.Meanwhile,the thesis also maintains,to a certain extent,a referential value for other leasing companies that have the impetus to develop financing leasing businesses for small and medium-sized enterprises.